Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Saturday, August 19, 2017

Central Bank of Azerbaijan meets IMF delegates

Delegates discussed plans for macroeconomic development and the potential effects of the global economic climate during a recent meeting of the Central Bank of Azerbaijan and the International Monetary Fund (IMF).

The plans include measures to improve banking supervision to allow the system to keep stability, which are set to be implemented in 2015, and the continuation of capitalization and consolidation programs.

The Central Bank said that the economy of Azerbaijan has grown 3.4 times over the past 10 years.

Both entities formed an alliance of bilateral cooperation and agreed to speed up diversification of their portfolios and target inflation.

Organizations in this story

Central Bank of Azerbijan 32 Rashid Behbudov str. Baku, Azerbaijan

International Monetary Fund 700 19th Street, N.W., Washington, D.C. - 20431

Get notified the next time we write about any of these organizations